There needs to be reserves for maintenance and repairs.

Got a email stating I needed more cash in reserves.

. $6000/10year life span/12 months in a year=$50 per month to put in reserves.

There is even a court ruling from a few years ago to confirm that.https://caselaw.findlaw.com/pa-superior-court/1879684.html

Follow those who've gone before.Find experts specialized around that niche.Partner with team members in areas you are not good at or don't want to do.2-3 quotes instead of 1, will save you on renovations.Always be conservative in numbers and timelines.Have reserves.Set aside reserves for each property.Buy for cashflow.Learn from your mistakes, create processes so you don't repeat them.Network to grow.Rinse & Repeat.

You cannot just decide you want a price reduction for no reason.The repairs called out by the appraiser will need to be completed and another visit from the appraiser will happen to confirm their completion.Typically the seller performs those repairs.  

@Shivron Sugrim if the roof isn't leaking then wait a bit longer to build up some reserves.

It's always smart to have reserves just in case anything goes wrong!

I would walk away and consider yourself lucky to know in your gut that something was wrong and have a resource like BP to confirm it.  

For any real estate investment purchase, government sponsored financing, or otherwise, is going to be a minimum of 20-25% cash down, plus fees, closing costs and interest reserves.